Nasdaq and CryptoCompare Partner on Institution-Oriented Crypto Pricing Product

The new product, dubbed the “Nasdaq/CryptoCompare Aggregate Crypto Reference Prices,” will be made available on the Nasdaq-owned platform Qandl — which reportedly provides financial and economic alternative datasets for over 400,000 financial professionals globally.In an official statement, CryptoCompare CEO and co-founder Charles Hayter has argued that “reliable data is the bedrock of transparent, liquid markets,” and can offer global, institutional investors and traders a competitive edge in the crypto sector.In February 2019, Nasdaq  started  listing two cryptocurrency price indices from United States blockchain and crypto market data firm Brave New Coin (BNC), including BNC’s Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX).Cryptocompare has meanwhile just this week  partnered with major crypto derivatives platform BitMEX to jointly construct a real-time crypto futures dataset, which will be delivered to financial markets data provider Refinitiv.

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